China Railway aims for $28.7 bln revenue in 2008

Tag: Construction Profile

China Railway Construction Corp Ltd (1186.HK: Quote, Profile, Research), which built the world's highest railroad, said it aimed for an operational revenue of 200.8 billion yuan (US$28.7 billion) in 2008.

The company (601186.SS: Quote, Profile, Research) said it also aimed to achieve a planned aggregate new contract value of 250 billion yuan for 2008. It gave no further financial details.

For full statement please see here 0513545.pdf (US$1=HK$7.8=6.991 yuan) (Reporting by Donny Kwok, Editing by Jacqueline Wong)